-The Figure Above Shows the Marginal Social Cost Curve of Generating

question 13

Multiple Choice

-The figure above shows the marginal social cost curve of generating electricity,the marginal private cost curve,and the demand curve.If the Coase theorem can be used in this market,output equals ________ kilowatt hours per day.

• A) 0
• B) 150 billion
• C) 200 billion
• D) 100 billion
• E) more than 200 billion

---

Definitions:

Proposition

A contention that represents a judgment or point of view.

Division

In mathematics, the operation of ascertaining how many times one number is contained within another; in logic, a fallacy that assumes what is true of the whole is also true of its parts.

Fallacy

An incorrect reasoning process that results in the invalidity of an argument.

Raccoons

Medium-sized mammals known for their distinctive facial mask and ringed tail, often found in North America.